you have politics, good for concern. >> the job's report hasn't come out is ancient history. health insurers. maria: okay. special coverage of job's report by the way, s&p, it's only down tomorrow, 8:00 a.m. eastern, a few percent for the year. join us on that, have a great that's where you would expect we day, thanks to fantastic panel, should be. stuart: i should not be too carried away with a thousand stuart varney begins right now. stuart: are you getting tired of points because in per feintage point is not that bad. gary and jack, i will ask you this? what we get is wild up and down same question. what do you think of fraction swings that show no rime or reason. the winners are the big traders percent tax on every trade? who can play volatility with >> no. their computers. look, enough with taxes. i keep hearing from i guess it was warren and sanders want to 1200 points up and today at tax financial trades and they opening bell we will be down are going after wall street. 160. that's a 2% loss. you are going after the middle we will get 2% loss also on the class, you're going after lower than the middle class. s&p and nasdaq. everybody does trades. volatility, come on. this is absolute insanity. today the virus gets the blame. i got news for you, we sent them it is spreading in america. $3.5 trillion federally last some states are declaring state year. why do they need more?

of emergency. that doesn't include local and a school near settle closed for state. lower taxes, not higher taxes. leave the people alone. 2 week and microsoft had asked stuart: i think we know where work nester bay area and seattle you're coming from gary to work from home. the question on the market and kaltbaum. let's ask the same question to investors are still is shame. how much will the economy slow, we don't know yet. jack how. politics, ugly threat to supreme >> i'm one of the economic court and came incredible by from senator schumer, the radicals who believes in paying minority leader of the united his bills, so we can't pretend that we are paying our bills states senate at a proabortion when we have a trillion dollar rally he raised, you won't know deficit. by the way at the top of expansion we hit next recession. what hit you, he said. we might be going into the hole that story is not over. 2 trillion every year so if there was an idea and as long as schumer may be censored and then it's not going to tank the there's elizabeth warren after economy, i'm open to it. dismal super tuesday in or out. >> how about lowering the spending, lower the spending, throw her support to bernie or lower the spending. stuart: okay, let me come back joe. he has spoken to bernie but we at you with this one, gary. don't know if they made any kind who could possibly be elected of deal. would it be difficult to get together after this roll tape, either president, senator, congressperson if you say let's cut spending, it's the third please? >> i think you called me a liar on national tv. rail of american politics. >> what?

>> i think you called me a liar you just can't do it but i take on national tv. your point. do i take your point. >> let's not do it right now. you want to have that let me dive to wall street. discussion, you want -- >> i don't want to get in the don't worry, gary. middle. i just want to say, hi, bernie. >> got you. stuart: we will be faced with a >> good. stuart: come on in charles, i big selloff right from the opening bell. market opens, wonder if he has a smile on his thursday morning, 3, 2, 1, bang. face. charles, even if warren backs yeah. let's cheer this thing on. bernie, i don't think she can right from the start down 2%, bail bernie out. i think bernie is done, what say 2.3%. you? 660 points down. >> no, i think bernie is in a that is 2 and a half percent. lot of trouble. i was laughing because that clip let's move on. s&p 500, what kind of drop do we which is a marvelous clip is have there? 2 and a half percent. from so long ago seems like with same as the dow. show me the nasdaq, i'm sure that's down too. so much going on but you're yes, it is, 2 and a half exactly right, over the last 2 percent. pretty much even across the weeks, elizabeth warren has been board. down 2 and a half percent, playing so hard to sort of cozy whopping great rally yesterday. the airlines, all, all way down up to bernie and clearly trying as they respond to the lack of to pave the way to become his demand, the empty flights and the cancellations, united running mate if he gets nomination. airlines is going to reduce

i completely had forgotten about flights and they will freeze hiring, southwest airlines expecting, what, 2 to the fireworks. these people will get in bed 300 million-dollar drop in with anybody in order to win the revenue this quarter, of course, nomination, in order to get they blame declining demand and closer to the levers of power. cancellations, why not, the stock is down 4%. i wouldn't put anything past the cruise lines, can they take bernie sanders or elizabeth even more hits? yes, they can. warren. i think you're right. down again today. i really do think with that carnival, caribbean, norwegian, all of them down very sharply. amazing super tuesday that joe biden had, i don't see how -- i travel booking companies, taking think that he's going the march it on the chin. into the convention probably not 4% down for booking holdings, expedia is down 3% almost. with the requisite number of delegates to clinch the trip adviser 3 and a half nomination but certainly enough percent. to make a good case against the big tech names, you know them, they are pulling out -- bernie sanders. stuart: he'll have bloomberg's there's another cancellation money behind him as well as kind of thing. well. big tech pulling out of southwest by southwest >> $600 million. he could have cured coronavirus conference. with that. >> this is a see and be seen kind of place for tech. [laughter] stuart: that's sarcasm but it i mean, there's panels, works on this occasion. musicians, this is cool and fun let's get to senator schumer, for all of the companies. he's facing backlash over microsoft, twitter, intel, comments at supreme court apple, netflix, facebook, all of justices gorsuch and kavanaugh. these are saying, we are not let the audience listen to this sending our teams. we are pulling out of this

again, roll it. >> i want oh -- to tell you event. march 13th kick off in austin, gorsuch and i want to tell you texas, mobile world conference kavanaugh, you have released a in barcelona canceled, geneva world wind and you will pay the conference canceled. price and you won't know what nobody wants to be responsible hit you if you go forward with for their employees getting the awful decisions. sick. stuart: microsoft asking or stuart: his anger is showing, telling workers in the bay area his rage is showing and i don't stay home, work from home. think it's going to do him any lauren: that's where the coronavirus is and if you can good. >> no, i mean, where are the work from home, they want you to do so. you have to show in the adults in the democratic party. office, stay 6 feet away from they've sided to run off with me. stuart: we simply don't know the the circuit and chuck schumer should be centered for this. impact of our economy in this is the worst interference slowdown of people movement, i've ever heard from the political side of our -- of our meetings, conferences and travel, we don't know, do we? politics into the judiciary side >> as i said earlier with the big conference here and i of our politics. mentioned intel but also amazon, this is i would argue much worse than the time that barack obama, cisco sales force.com, when all big companies are doing, guess what other big companies tend to do? wagged his finger sam alito but i was talking to somebody in the news room. we have only 159 cases in the u.s. out of like 330 million

at that point that was the worst i'd ever seen. this is ten times worse than people and i just wonder if the this. numbers stay low for another this is beyond the point of meddling, this is into the realm week or so do cool e heads of actually threatening prevail and then we start to justices, seated justices getting back to the norm, again, grappling with the case, and only 159 out of 330 million it's something that -- i'm not a people and understand it's worse elsewhere and i understand democrat. i don't agree with what they people have died but those are think but i want the democratic pretty darn good numbers in party to be led by adults making comparison so what else is going good arguments and chuck schumer on let's say in mainland china. is no longer one of those stuart: those numbers will adults. stuart: extraordinary stuff. i was really shocked when i saw increase. >> yes, they will. stuart: as the test gets out that video late yesterday. really shocked. there, jack, i'm sorry, lauren. charles, thank you very much as lauren: they are testing 10,000 always. it is a shock. people a day. thank you, charles. their mortality rate is so low futures again, remember, please, we were up 1100 points yesterday compared to mortality rate. they are testing more people. and we said it was politics. i mean, joe biden's amazing run. that's positive news. today we will be down 600 points and we are blaming the virus again. look at this, i've got a one-week chart for you. >> i saw a note, the revenues

we were up 1300 monday and down haven't really rolled in from the supposed benefit but the 800 and back up 1100 on costs are rolling in. they are getting mind share. wednesday, i don't think the chart really tells a story of the extraordinary situation. come on in garrett kalbaum stuart: zoom communications are down 3 and a half percent. market watcher and fox news >> don't forget all tech contributor too. organizations have internal systems as well. the market moves i will label it's not like google needs to go them ridiculous, what do you say? >> welcome to my world, stuart. on zoom. >> up 70% year to date. it's unprecedented. they are giving a little back. look, we dropped 4900 points on stuart: check the overall the highs in a matter of days market. 4 minutes into the thursday morning session, down 750 points and typically you're going get this type of ridiculous action on the dow industrials. can you show me the nasdaq and both back and forth. ly tell -- i will tell you the s&p, please? i'm pretty sure we have a similar drop there. absent real news i think it'll meanwhile, look at this, the start slowing down in the next anxiety indicater. week or so where maybe we are up we've got 0.93% on the 10-year 200 and down 200 which is still treasury yield. a lot. right now you cannot go sleep at astonishingly low down 12 basis night feeling confident being up a thousand or down a thousand points. >> i almost think that's a typo. the next day. stuart: am i right in saying if you weren't paying attention that it's the big-time traders you would think we made a that are making money out of mistake with the graphic.

this? >> they could also be losing a >> that's money going into safe ton of money. treasuries, out of risky stock, stuart, if you bought a ton of that's what's happening. check the price of gold, please, stuff you're losing this morning and if we reverse back up today, it's all over the place. it depends what side of the trade you're on, a lot of cash 16.61 is the price. right now is probably the best oil, we left at $48 a barrel. move. you keep your psychology in we are down at $46 a barrel as of right now. order. you keep your capital up. 46 bucks. it's almost impocket on a daily look at the grocery store chain basis. it's more of a guessing game in kroger, they did report results the shorter term. earlier this morning, what do stuart: today we are blaming the you have? >> better than -- it's better virus. hold on a second, gary. than what the investment community expected. you can take a look at the spot, bright spot in today's market. the larger story is how they are there's the crew ship in san francisco harbor. that's not the crew ship. competing with amazon, groceries that gets you in 2 hours thanks to amazon and so this is >> diamond princess is the line becoming a more difficult that we are concerned about business to execute, the fact which carnival owns princess that kroger's did well is good. line. 11 passengers and 10 crew >> smaller regional grocery members showing positive signs chains are getting trashed by of the virus. wal-mart and amazon. from hawaii to san francisco. the only company out there that has financial to be able to gain

governor newsom says the ship share from the grocers that are will not come ashore until all passengers have been screened losing it. but the point is as we know stuart: aren't they big on the pickup, you dial them up on the california has declared a state of emergency after first death computer, you make your order. due to the virus. stuart: look at the cruise lines >> they call it -- i try -- down, down again. i can remember when carnival corporation was over $100 a share. a few weeks or maybe months ago. stuart: the discount club, bj's, 20 president obama on carnival, bj's is down 3 and a half norwegian way down. >> this is the second big percent. why? lauren: isn't it you are pricing nightmare for the particular because you think of people company. going in and buying purell and that was the crew in japan, numerous people quarantined, isolated, sickened. nobody wants to go on a cruise they are reported earnings and right now. stuart: we have companies asking investors didn't like what they workers to stay home and work had to say. despite people stocking up on from home. what they need to fight the microsoft. the bay area. virus -- lauren: if you can work remotely do so march 25th. let's say you work in data >> stuart: okay. i can see gary kaltbaum shaking center and retail and you have to go in, fine, however, keep his head. >> it's all about cosco, the in-person meetings short as stock went up 30 points in the

possible and stay at least last couple of days. i'm always locking at the best 6 feet away from somebody else. company in the industry and without a doubt that's the one in the juncture. stuart: every cosco that i've been in the last couple of weeks and i like cosco been absolutely jam-packed full of people. >> all i know on the hour you same with you, gary? hear about one more not only >> big time. i mean, people just love it here and around the globe and as there and it's almost like they you were talking about travel, live there to be honest with you southwest airlines announces and you can buy anything and everything there and i know this just in the last few days cancellations have picked up and big online move and online keeps demand has dropped marketly and they are saying that revenues growing but people keep going to the store and hanging out and for this quarter will be 2 to buying everything. stuart: where's the foot long 300 million less than expected. it's being reported that bookings for cruise lines around for 3 bucks? that's inflation, has gone right the globe are down from the up. general motors going after tesla with new electric vehicles. >> 13 they will work on and invest in and will bring to market in the next 5 years. norm. that's why you see central banks they say they will have models going crazy taking interest that go from 0 to 60 in 3 rates down and trying to flood

seconds and would rival tesla's the markets with liquidity. stuart: gary, real fast. models. >> i spoke last night with gm i believe you're in orlando. what's it like there? cfo, they feel like they have a >> yeah. let me give you a very good great story and a leader in the fact, we have a huge healthcare space that haven't gotten credit conference at the convention for this yet. stuart: i'm not buying it. center next week, expected i don't think electric vehicles 45,000 people but all of a -- sudden intel and other major >> you also would like that they are cashing in on trucks which corporations have canceled. is where the money is being made the conference is still going on right now. stuart: gary, what do you think but i suspect 45,000 may turn of electric vehicles, gm's into 30,000, so if it's 15,000 challenge to tesla? >> i'm with you, stuart. less that's fewer hotel rooms, look, business is about less people going to restaurants supplying to demand and i just and disney and universal and don't think the demand is there again, turns into what we know for electric vehicles, what as vicious cycle. again, something that has to be happened to the chevy bolt. watched closely and the longer tesla is their own story because it lasts, the worse it gets. of the cars they have and how stuart: let me check back on the good the cars are. airlines, southwest expecting a gm has to come up with something good if they want to sell a lot 2 to 300 million-dollar drop in revenue just this quarter. it's the virus, of course. of them. stuart:ly stick with my declining customer demand, gasoline. people are not flying so much >> exactly. >> that's why elon musk went and lots of cancellations. there and built the shanghai

united, they will reduce factory. stuart: look, general motors is flights, freeze hiring and asked up $30 a share, 3041, that's workers to work unpaid leave. remarkable. cannabis producer, cutting jobs, shutting facilities, can you tell me what's going on with they are cutting 500 jobs, that? lauren: these are greenhouse halting plans to expand. facilities. they are closing 2 and stopping gee, i would have thought that legal weed was pretty good thing plans on third and 500 people being laid off. you have if you're in quarantine, there you go. they say two reasons, that's just me. recessional market for marijuana overall the markets are opening and also cash burn. lower this morning after the they are going through a lot of cash. whopping gate big rally they got investment from brands yesterday. then we have this, mortgage lenders, well, they are on a hiring spree. home loan rates are plunging. and brought weaknesses. the mortgage guys are hiring. we will get the latest on stuart: the plaque -- black mortgage rates at 10:00 o'clock eastern. real estate appears to be a bright spot. market is surely priced that's what we are following for competitive. you. if you have a street vender -- treasury secretary mnuchin slamming salt states, new york, california, he says, you don't lauren: no taxes. like to cap on mortgage stuart: surely the black market is an item here. deductions, then lower your i hear you laughing, gary, am i taxes. that's our story and we are all right or am i right?

over it. >> no taxes with uncle down the bloomberg, well, he bombed in the first debate. block. in a moment i'm talking to one look, i've been saying for a year or two that this whole weed of his debate prep advisers, what went so wrong. thing is completely overrated. more varney after this. i've been saying that the stocks are a fad and a ton of them are down 80, 90% from the highs. i wouldn't go near them. stuart: we don't want to lose you and go to black just like that. news on quest diagnostic. tell me. lauren: new test and they will be using it on monday, this is very promising. it aids in the detection that they need to see. not up that much considering. stuart: yes, considering. 1 7 cents on 115-dollar stock is not a surge, but they are. check the markets, please, we are up -- i'm sorry, we are down 670 points on the dow industrials, 2 and a half percent and it's pretty much across the board a 2 and a half point percentage point decline.

okay. let's get back to the economic impact of the outbreak of the virus and focus on china. michael pelsbury is with us, we you've been hearing a lot about 5g. but there's 5g... heard reports that chinese and then there's verizon 5g. companies going back online, we're building the most powerful 5g experience for america. getting back to work, less it's more than 10 times faster than some other 5g networks. pollution in the big cities but pollution is coming back. and it's rolling out in cities across the country. the traffic jams are coming back, is that accurate indicater so people can experience speeds that ultra wideband can deliver. of going thank work in china? 1.7 gigs here in houston. >> well, certainly all over the 1.8 gigs here in frigid omaha. front pages of china's almost 2 gigs here in los angeles. government controlled newspapers that's outrageous. the last 2 or 3 days and puts it's like an eight-lane highway out statistics that two of the compared to a two-land dirt road. great river valleys, 90% of big factories are back in operation. they've had numbers for various other economic indicators so the message coming out of china is we have controlled the virus. we know the techniques, we will share lessons with the rest of the world. they've been specific about some of those lessons. that's what china is trying to project. that differs from the wall

street journal this morning that says only 30% are back to normal. at least among the small and medium-size enterprises. stuart: the wall street journal -- "the new york times" actually, they've been asking readers in china to communicate with "the new york times" and tell them how it is and unhappiness with the way the government in beijing has handled the situation. >> i think that's right. there's now an effort to make a hero out of the doctor who died who was -- whose freedom of speech was suppressed in early december. he was the whistleblower. for a while after he died his name could not be mentioned and now more of sacrifice and how he should have been listened to. there's other stories that are positive. huge front story that chinese congress' has banned eating wildlife in china. they are sensitive even the guilty shall we say about being blamed for this whole virus being created because of eating

wild animals in the wuhan market. the virus jumps into humans in that way. so some of the stories are on the defensive that not only is china has things under control but stopped the source of the virus. i very much doubt that's the case. stuart: would you say then, big picture here, china says they beyond the routine checkups. beyond the not-so-routine cases. are going back to work, almost back to full employment and you comcast business is helping doctors don't believe them? provide care in whole new ways. [laughter] >> well, i can't sample the all working with a new generation of technologies factories in person but i'm powered by our gig-speed network. hesitant when i see so much effort by the chinese because they've got a concept called because beyond technology... there is human ingenuity. control a narrative, it means to every day, comcast business is helping businesses gain control of people's first go beyond the expected. impressions. so they don't want us all to to do the extraordinary. think that china is in trouble, take your business beyond. the global supply chains are going to be affected, a lot of some people say that's ridiculous. articles of how that's just not true. this is the theme out of china. i dress how i feel. i hate to say that they are yesterday i felt bold with boundless energy. lying to us but i'm a little bit

this morning i woke up calm and unbreakable. suspicious about so much good news all this past week. tomorrow? who knows. stuart: we will see you again age is just an illusion. soon. staying on the virus, focus on how you show up for the world, that's what's real. the science i guess you could say, our next guest has in vitro what's your idea? i put it out there with a godaddy website. diagnostic test for the virus, make the world you want. join joining us dwight egan. i understand that you have demand from the test coming from germany and italy and you will ship the test there. >> the economy is doing really is that accurate? great for people like mr. bloomberg and other >> stuart, that is accurate. we have been shipping to four billionaires. >> i don't care how much money different continents our in mayor bloomberg has, the core of the democratic party will never vitro diagnostic cleared covid- trust him. at least i didn't have a boss who said to me, kill it, the way 19 test and we have been shipping there ever since. that mayor bloomberg alleged to stuart: okay, is it a rapid have said. >> never said that. come on. test, you administer the test >> to one of his pregnant and you get the results very, very quickly or what? employees. stuart: he was was under attack, >> it is a rapid test. was he not, during first of two it's a chain reaction, pcr test,

debates, bradley is with us, realtime, takes about -- takes bradley, you advised him, did he not listen? >> no, he did, he did. stuart: why the weak response? >> a few reasons, one is he had a lot of vulnerability for someone competing in a 45 minutes to a device to get a democratic primary. someone who had served as reading whether a patient is republican mayor 3 terms and independent in many ways, so currently infected. stuart: each test kit can only whether it was stop and frisk or be used once? >> that is correct. nda's or not a democrat, they a test can be used once but the were going to attack him. stuart: he knew he was coming, machinery that we use to do this wasn't he prepared, take this? test typically in our case will >> he was. test up to 48 people at a time. when you ask college football players and maybe true in soccer stuart: why can't you ship it too, i don't know, when they go within the united states? to the nfl, one thing they >> we now can ship it in the surprise you the most. i can't believe how fast it united states pursuant to fda moves. no matter how much you repair directive that was instituted for your first presidential debate. the real thing moves so fast. this past saturday. whatever you think of elizabeth we are now able to ship the test warren or bernie sanders or pete buttigieg, they are really good domestically to labs an we have at this and they had done it nine times already and if you overwhelming interest in that look at mike's performance both product as well.

in second half of first debate, stuart: okay. >> we are excited about what the he got better, but the first fda has done so any lab in the half of the first debate was rough. stuart: going forward. united states can use our test he's out of the race but keeping after they do a submission for his staff on until november and keeping his money flowing and authorization and with the it's going to joe biden. >> yeah. stuart: he's buying the biden emergency use authorization they don't have to wait for the fda to give them approval. candidacy? >> if you could buy the election they just simply have to submit. we would be the nominee right stuart: you can ramp up now so clearly that's not production to fulfill all the possible. orders that are coming at you? stuart: his money will go a long way for joe biden. >> we have the ability to test >> i hope you're right and i -- we can produce 50,000 tests hope it does but we just saw someone spending half a billion dollars to mainly come in third at a time and with our india facility once we get approval on super tuesday primary states, you may be more optimistic than from the co, about 150,000 tests i am act the impact. yeah, mike feels strongly that if sanders is the nominee he can't be trump. a day. stuart: i want to thank you very mike feels strongly trump much for coming on board today, very important news hearing it shouldn't be the president. from you, sir. it is a market selloff, yes, it is, dow is down 690. stuart: they are the big money s&p down 72. party. >> both party are always the big you think you get use today big

numbers but you don't. the nasdaq composite down 179 money party. points. jack how, gary kaltbaum still stuart: one party rails on big with us. i don't know where to start with this, gary, i'm frustrated at money. this wild up and down stuff. >> if you take sanders, for i'm just frustrated by it. example, we pointed in the debate, owns 3 homes, chime in, please. millionaires and flies on >> we've been here before and, private plane, a lot of listen, i'm not optimistic, progressives don't practice what they preach, but both parties in pessimistic but i'm realistic my view and i'm an independent, and i'm a historian of the markets. we've been here before. we've had crashes, recessions, i'm not a democrat. depressions, flash crashes, you stuart: you made your point. name it. look, i think you're a good man. we have seen it. >> i came on knowing that i was going to get beat up. exactly. but eventually we always get past that. i suspect there's more to come stuart: bradley, thank you very of this. i do believe it'll start calming much. appreciate it, young man. down if we get any decent good presidential tweet, here we go. news on this virus. as per recent federal court i think we get going again. ruling the federal government will be withholding funds interest rates are very low. a buddy of mine just got us a sanctuary cities. 15-year mortgage at 2.75%. they should send status, do not protect criminals. i think the command is still out that's just coming at us, we there and people are doing less will treat it throughout the things. i think they'll jump all over

day. it. things will get better. we will get past this. treasury secretary mnuchin. i just this there's more time tell me more. >> basically saying the taxes and price on this and you have are fair and if you have a to relax and deal with it for complaint, new york, and this second. we will come out of it. california, well, maybe you should cut your own taxes so stuart: jack, before you chime here is the treasury secretary. into this, the dow went up 1100 >> mr. secretary, are you aware that many people are leaving new points, 1100 and change, we were york state and other states told because joe biden is surging. because of the high taxes they well, today we are down 700 pay in those states that are no points, but joe biden is still surging. longer deductible at the federal [laughter] >> it doesn't have to make level? sense, right? >> i am and i think that's quite when we got the fed cut what unfortunate. i think that some of those happened, the stocks right off high-taxed states including new york and california should think the bat, do i like this, do i about lowering their taxes. hate this, i'm not sure. >> so essentially in front of the house committee he was everybody sold because everybody defending the trump administration's stance on this. sold. that's what happened in this environment. what do you want to buy right we know new york, connecticut, now if you're buying something? maryland, actually filed a you want to buy clorox for 28 lawsuit to have salt thrown out. a judge threw that out. times earnings because the world so this is quite contentious and feels okay about bleach. for people who live in the the world is not always going to states it's been extremely look like this. buy something with a little bit annoying by them the treasury saying, listen, talk to your state government and not federal of economic pizass.

government. stuart: i'm not annoyed at treasury secretary but got involved in the mess called salt. that's my fault. the mask makers, they are up stuart: clorox or disney. this morning. quite a split decision. wait a minute, we have been told >> going so far to say delta and we don't have to wear masks. i don't want to get crazy but what's going on here. >> we have been told that but you make good money if you according to u.s. health department, we need roughly bought it during ebola years 3.5 billion facial masks, the protective n954 for medical ago. >> jack how makes 1,000% excellent points right there. workers here in the united >> go ahead. >> looking forward, you look to states. right now what we have where the great brand names are, 12 million, so we are a little the great growth, clorox, what's bit on short supply and you have the growth, 0%, what i'm always the panic of people rushing to stores to go buy face mask. looking for on a daily basis, we know we can't buy them you find the companies that did anywhere. they are sold out. 4 billion this year that will do that's contributing to upswing 7 billion next year and i will on a lot of face mask makers show you a stock that's up 30, like alpha protect, you're 40, 50 and maybe 100% on a good seeing a climb and lakeland and market. that's all i'm doing right now. we should throw 3m into the mix easy to isolate strength when the market is very weak. too. they signed a contract with the i'm looking for companies that

united states and they also said are bucking the trend that have that they are stepping up 100% growth rates out there, production in their factories around the world and a lot has to do with fear panic and industries especially technology and medical and that's all i'm possibly lack of supply. doing right now and i have to stuart: thanks, kristina. mention something about the biden-sanders, there was a another stock i want you to take a look at and that's code definitive affect with sanders diagnostics, they are -- i believe they are about to ship heading biden heading north, not virus test kits to italy and only were healthcare stocks rocketing but the defense stocks germany. why not ship him here? rocketed, why because sanders i've got the ceo on the show and said he would cut their funding, so that definitely is there, but i will certainly school him. united health goes up 28 bucks it'll pull back some today. that's an important fact that we -- ask him. have to watch closely and if biden continues to gain favor 200 for the nasdaq. and sanders head south, that's back after this good for the areas. stuart: i'm moving on. i have watcher ray wong. ♪ >> how are you doing? stuart: normalization once the spread is under control. okay, we understand that, but when is the spread going to be under control?

[laughter] >> i think by may we will ♪ realize t another virus, it's in the population, people are ♪ completely scared. stuart: wait a minute. media-induced panic. tell me more. >> it is. so we have a lot of friends that are doing the testing. people are going to the hospitals, they are getting we'll keep building smarter suv's. panels, they are finding to help keep you focused on the road ahead. original coronavirus. this is prevalent in the population. when you look at john hopkins and. the road beside. did we mention the road ahead. study 40% will have it and .1% with an available best in class. is fatal and right now it is so epa estimated combined fuel economy hard to figure that out because we are short on facts, we are and the technology to practically park itself. short on information, we don't this is the reimagined 2020 ford escape. trust what's coming out of china and we don't know what's in the u.s. population because we and the technology to practically park itself. haven't tested the population can we go get some ice cream? alright, we gotta stop here first. yet. ♪ ♪ once we get the facts, we will get better. from smarter atms, to after hours video tellers stuart: you think we've overdone

it? >> we have totally overdone it. ♪ ♪ comcast business is connecting thousands of banks to technology stuart: totally overdone it. that turns everyday transactions into extraordinary experiences. it's a great time to buy big-tech stocks especially hi there. how are you? do you have any lollipops in there? short-term and like the ones in facebook, you'll be home and (laughing) no, sorry. we're helping all kinds of businesses texts everybody and messaging folks and posting stuff on go beyond customer expectations. instagram and also going to be good pretty much for zoom how can we help you? because we are all stuck working from home and a a lot of us migt and let me tell you something, rodeo... not want to love at work but we i wouldn't be here if i thought reverse mortgages took advantage like using zoom. stuart: not everybody will be stuck at home, 325 million of any american senior, or worse, that it was some way to take your home. people, you think that's going to happen? is the panic that bad? it's just a loan designed for older homeowners, and, >> the panic is ridiculous here in silicon valley. it's helped over a million americans. we have companies canceling conferences, you're not allowed a reverse mortgage loan isn't some kind of trick to take your home. to leave for work. there are directives from companies that say you can't it's a loan, like any other. attend meetings of more than a big difference is how you pay it back. 100 people. find out how reverse mortgages really work with aag's free, in. [inaudible

no-obligation reverse mortgage guide. eliminate monthly mortgage payments, pay bills, medical costs, and more. call now and get your free info kit. it was weird. other mortgages are paid each month, but with a reverse mortgage, we see some concern. of course, be careful of the you can pay whatever you can, when it works for you, or, you can wait, flu. take your normal health precautions but we have overblown it. and pay it off in one lump sum when you leave your home. stuart: on the other hand, you want to take precautions, discover the option that's best for you. doesn't hurt, does it? if you could stay away from call today and find out more in aag's free, people, not mingle in crowds, no-obligation reverse mortgage loan guide. access tax-free cash and stay in the home you love. maybe it's not such a bad thing. >> it's definitely not a bad you've probably been investing in your home for years... thing as public health major. making monthly mortgage payments... doing the right thing... we don't go crazy during the flu season about that. we don't stand 3 feet away from and it's become your family's heart and soul... people, we don't like air hugs, well, that investment can give you tax-free cash just when you need it. right? we are very careful during flu season. we don't touch ourselves, touch learn how homeowners are strategically using our eyes, our face. a reverse mortgage loan to cover expenses, pay for healthcare, we have overblown it on this one preserve your portfolio, and so much more. because we don't know what a look, reverse mortgages aren't for everyone but i think

i've been 'round long enough to know what's what. i'm proud to be a part of aag, i trust 'em, covid-19 is. stuart: he just told us that i think you can too. this is vastly overblown, what say you? trust aag for the best reverse mortgage solutions. >> first off i think the media has done a great job reporting. i don't think they are overblowing, why because they so you can... are giving out the numbers. retire better. the numbers don't lie. maybe you think china is lying about it but when you talk about the numbers here, what's affecting markets and affecting stuart: she chair it is house things is company after company financial service committee, the is going in their board rooms lady on the screen, maxine and saying, okay, let's make a decision on whether we will do watters and now she's going this, that and the other thing after wells fargo again. lauren: this is a year-long and all want to do something air investigation from house on the side of caution, whether financial services committee and you're a travel company or they find that no overnight at intel, the one thing you care about most is the safety of your the bank, management didn't take employees so decisions are being regulators serious and there's made. we can call it overreactions, potential for widespread consumer abuse still at wells underreactions or right where it should be. fargo. two hearings next week. that's their job and they are doing it well. stuart: who did the again, on the media front. i think the media has done job investigation? lauren: the house financial services committee. on this and i don't think they

stuart: they are determined to are overdoing it because you go after wells fargo, determine never know what the outcome is going to be and the good news is today slime them. lauren: republicans did their there's been crazies out there own investigation and we have that the world is ending, nobody yet to see the investigation. is reporting those people. stuart: i would like to see that that's good news. one. lauren: relative new ceo will be stuart: ray wong, back to you, i think vice president pence is in capitol hill next week. the perfect guy to be leading the team to go after the virus. stuart: gary kaltbaum still with i saw him, he's very low key. he's very precise and he's us, jack how, baron's guy, bringing out the facts. dr. fauci is out there leading the charge telling everybody exactly what's going on. these guys are clamping down on the panic. lauren simonetti and dierdre >> we have some of the best bolton. have i got a point? public health officials actually talking about what's going on >> they don't make things from fauci and team put together better. they certainly exacerbate what by mike pence, i think those are is going on. you have coronavirus. great folks to do it. you have coronavirus terrible there's nothing wrong with abundance of caution but i think the markets have massively overreacted the impact. here is why, once we get facts on data we will see the rates, oh, everybody has this, but here is what happens, just like you

might have h1n1 outbreak or outbreak of the flu-type a or type b, those things will happen, 50, to 60% of the population has it. they are asymptomatic, the fierce that are going out there, we will see ten cases in the u.s. of deaths. next week we will see -- stuart: we have to leave it there. i'm running out of time. ray, thanks very much, indeed. check the market because we have come down some more. now 800-point loss. got that. on the screens the stage where fox news will host a live town hall with president trump tonight, pennsylvania, 6:30 eastern, bret and martha will be there and we will be back . . ..

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i do not speed. and that's saving me cash with drivewise. my son, he did say that you were the safe option. and that's the nicest thing you ever said to me. so get allstate. stop bossing. where good drivers save 40% for avoiding mayhem, like me. this is my son's favorite color, you should try it. [mayhem] you always drive like an old lady? [tina] you're an old lady. stuart: 10:00 eastern, senate majority leader mitch mcconnell, he is going to take to the senate floor and we have word that he will call out senator schumer for his comments on supreme court justices gorsuch and kavanaugh. we'll bring it to you when it happens. markets have been open for 30 minutes now. we are down all across the board. 800 lower for the dow, 86 for the s&p. 200 for the nasdaq. look at this, 10-year treasury yield. it is right now at 0.93%, down

13 basis points. that means there is an enormous flood of money into the safety of 10-year treasurys. 0.93%. mortgage rates, what have you got? >> lowest in almost 50 years. huge drop from last week, 3.29%. if you're in the market for 30-year mortgage. stuart: that is news. >> that is news. drop from last week. versus 3.45. real headline, this is the lowest level in almost 50 years since the government started to strack this data. stuart: 30 year fixed-rate loans with 20% down. >> exactly right. stuart: classic loan. >> for those not going quick so far out 30 years. 15, 2.79. stuart: 15 year fixed. what is that? >> 2.79.

for those on shorter term horse on, five-year arm a justable rate, 3.18%. that is down, that is the least difference, 3.2%. stuart: oh, that's going to fall. that will come way down. there is no i waa can have 3.18% on five-year adjustable when you have the 10-year treasury yielding 0.93%. >> we're getting all kinds of records. stuart: one other story on real estate. we have a lot of them for you. real estate is a pretty good investment. mortgage lenders are hiring, is that right? lauren: big time. hiring thousands of workers for expected spring selling season for the higher rates. rates are going even lower to keep that in mind. one company, this is a quote. they say, kiss your families good-bye because you're going to be working a lot. one lender had biggest day ever in terms of activity. so many people calling. even jpmorgan chase, major bank, they told their home equity staff, half of that team would

be transferred to mortgages just to keep up because people sitting on the sidelines are looking at these rates, saying, maybe we should jump in. i do have one thing to say here. if we're afraid to go out in public whether in california or washington, are you going to an open house, shake hands, be around people that you don't know? something to consider. when you see the market down 700 points, do you want to stay on the sidelines. stuart: understood. i could do a refi. you don't have to go see anything. don't have to mingle with anybody to do a refi. there will be a lot of refi activity. lauren: up over 200% own annual basis. stuart: he normally covers the stoke market for us. there he is, scott martin. i want to talk about real estate. i will offer my opinion. in my opinion florida real estate is better investment than stock market. what do you say? >> i agree. as rates come down further, real estate remains attractive. it will be less volatile than the crazy stock market.

one other quick thing i note about mortgages, guys, the rates dropping are mainly on conforming loans, not jumbos. limit much 425,000, if you're refi-ing under that level, loan-to-value, loan you will be refi-ing, that is where you get the loan rates. i talked to a bunch of mortgage guys who were talking to the banks. banks are not coming down on jumbo rates, especially on the 30 year. that is something to keep in mind. if you have a big early loan, you may not see the low rates everybody else is supposedly getting. stuart: stock, thank you. i will get you back in a moment on the stock market. we have 770 point drop for the dow jones industrials. all right, everyone, now this. when senator schumer launched his attack on two supreme court justices showed his anger. normally he stays very much on script. he speaks from notes. there was no teleprompter at the

pro-abortion rally. he just let his anger rip. watch this. >> republican legislatures are waging a war on women, all women. they're taking away fundamental rights. i want to tell you gorsuch, i want to tell you, kavanaugh, you have released a whirlwind and and you will pay the price. you won't know what hit you if you go forward with these awful decisions. stuart: we thought you ought to see that. this kind of public rage is becoming commonplace among senior democrats. they have been beaten so badly by president trump, they just can't cone taken themselves. how many times have about trump and his supporters subjected to contempt that borders on hate? who could forget hillary's deplorables speech? who could forget speaker pelosi clearly enraged. watch this. >> first of all the whole state of the union was beneath the

dignity of the white house, an insult to the congress of the united states and the american people. this is an abuse of power that the president is again trying to manipulate federal law enforcement to serve his political interests. and the president is what he is. while he was speaking yesterday in the press conference. let's not, let's not be silly about what that is. stuart: that is the speaker of the house of the united states of america on the campaign trail, elizabeth warren is characterized by anger, raging at the system, the wicked bankers and those dreadful billionaires. bernie sanders does exactly the same. what happened? how is it possible that the senate minority leader could stand on the steps of the supreme court and threaten gorsuch and kavanaugh as he called them. you won't know what hit you he said. surely, this is another example of trump derangement syndrome gone wild. the democrats are the new hate mongers.

get right at it. veronica clear is here. director the clearly strategist. >> thanks for having me. stuart: am i going to for here? that is example of outrageous rage. >> that is ironic accusing the republicans of having rage, hate, intolerance when the examples are right in front of your face. that you laid out so perfectly, what we sue yesterday on the supreme court steps. stuart: hold on a second. let's go to mcconnell on the floor of the senate. >> i want to tell you, gorsuch, i want to tell you kavanaugh, you released the whirlwind and you, you, you will pay the price. you won't know what hit you if you go forward with these awful decisions, end quote. madam president, i'm not sure where to start. there is nothing to call this

except a threat and there is absolutely no question to whom, to whom it was directed. contrary to the what the democratic leader since tried to claim very, very clearly was not addressing republican lawmakers or anyone else. he literally directed the statement to the justices, by name, and he said quote, if you go forward with these awful decisions, which could only apply to the court itself. the minority leader of the united states senate threatened two associate justices of the u.s. supreme court, period. no other way -- stuart: i would characterize exact opposite of rage. that was rather constrained if you ask me. veronica are you with me on this. >> that is a great point. one of the important things to

remember in strategy, thinking about electionss the person who is calm is the person with the power. the person who is enraged is out of control. that is what we saw yesterday. we're seeing a democratic party feels threatened unattack and divided. senator mcconnell, regularly character i can of him on the floor, shows that control and steady presence of leadership. stuart: it is such a turnaround because it was always president trump and his supporters who were -- you're the hate mongers. you're the haters here. i don't think that is true any longer if it ever was. it is these guys now. >> my mom used to say you see people as you are. a lot of hate comes from the media as they cover trump supporters and trump trillion rallies. i think is self-reflection. stuart: i don't think that is good strategy. you're a strategist yourself. do you think it will rebound against the democrats? >> it will hurt them. we have something to think about if joe biden continues to move

forward taking nomination, republicans need to rethink the strategy. we can't necessarily attack the democrats as party of socialism anymore. within their own party they are rallying against that identity. they don't want that. we have to really rethink and recategorize the way we attack democrats and also think about how we present ourselves as a party that has accomplished so much in the last four years a ms and even some progressives would embrace like criminal justice reform, like paid family leave. that is the way we win 2020. certainly not with rage. redirecting focus, they're not necessarily the party of socialism because they are turning their backs on bernie sanders on elizabeth warren. we need to be smart about that. stuart: bernie's -- in my opinion. veronica, good stuff, thank you. >> thank you. stuart: get back to your money. scott martin with us. scott, i have to tell you with the dow down 760 after yesterday's 1hundred point run,

i'm still frustrated with the volatility, are you? >> a little bit. definitely keeping me up at night for sure and keeping clients on their toes. we have factory order numbers for january were not good. well that is january's number, not a big deal. what the market needs to see positive economic momentum. the stronger that is, the better for the markets what is sure to be a slow economic period for next couple months. as numbers come out, tomorrow's jobs number, that is old data, it is fenn be, but the better number the economic downturn can be sustained by the s&p five as we go into april and may. stuart: it is still the same question, isn't it? how much of a slowdown do we get in the american economy because of this slowdown in people meting, traveling, getting together here in these united states. that is the question, isn't it? >> yes. what does this pullback stuart, off the highs in the s&p close to 15% now depending on the day what does that discount? what kind of discount is that factoring in as far as economic

malaise? how long does it last? obviously the more it goes on more pain in the market. market likes to front run things. things are emotional in stocks. if things work out a little better, this will be turning out to be a good buying opportunity. stuart: only time will tell, scott. thank you very much indeed. i will bring you news about the former president of the united auto workers union. thatthat is a gigantic union. gary jones, charged with part of an embezzlement scheme. lauren: it was an on going investigation. he was the highest official with the uaw charged. in taking money over nine years from the uaw's funds, using them for his personal use, such as $13,000 on cigars, $10,000 on golf clothing. his home was raided over the summer if you remember. he is expected to plead guilty but as i said, gary jones the former president of the uaw, highest official charged in the embezzlement scheme thus far. stuart: how off on golf

clothing? lauren: $10,087. $365 in greens fees and $250 to tip the caddie. stuart: will not get into that. we have a story for you. what a story. about the hysteria over the virus, a couple believed to be sick, caused panic on a plane. they were actually a couple of brits hung over. wait until you hear that story. there is an effort in the senate to get the 2022 winter olympic games moved out of china. do you know that? senator mike braun is on the show. he is leading that effort. i want to talk more about senator schumer. there are calls to censure him. our judge, as in napolitano is next. ♪. cologuard:

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stuart: down we go across the board. so we thought, why don't we just try to find some bright spots for you. kristina partsinevelos at the exchange, find me a bright spot or two? kristina: i was prepared for people that want to cocoon and don't go out. i was focusing on going out stocks that might not do so well. amc we're seeing a trend downward. live nation hosting events. cancellations across the board. people don't want to book tickets. uber, lyft, you need to get in uber. planet fitness i add too. universal studios postponed new

james bond movie until the fall. you can't sustained any sports events in japan and. kroger is doing well, just because a lot of people stocking up as well as campbell's. they have good earnings for kroger. you want a bright spot. ended on a bright spot, kroger. cocooning people, sitting at home stocking up. stuart: i have another one for you, netflix, at 385. i think we just lost your mic. check the cruise lines, please. another of the carnival ships has the virus on it, and it is down -- carnival has dropped below 30 bucks a share. which ship and where? deirdre: diamond princess crews, the same line. this poor company owned by carnival has had numerous instances. essentially had one person die in the state of california which people do think, sources saying, most likely this person got the virus while aboard a princess cruise ship sailed between

san francisco and mexico last month. i'm not minimizing this whatsoever, stuart. i just want to mention, it was an elderly person with a heart condition. while it is suspected this person got it on the cruise, it has not been put out by the w.h.o. or anybody else for certain. it is suspected. right you no the ship is going to remain not onshore. governor gavin newsom says we'll screen the passengers. nobody will come back to land until we're sure who has what. stuart: bad pr for the cruise line industry. deirdre: particularly for this company with this particular line. it started with that one. we were hearing from japan where people were quarantined or essentially self-isolated. stuart: carnival made it back to $30 a share. next case, senator schumer, he is really under fire for threatening two supreme court justices. you have to watch this again, please. roll it. >> i want to tell you, gorsuch, i want to tell you, kavanaugh, you have released the whirlwind

and you will pay the price! [cheering] you won't know what hit you if you go forward with these awful decisions. stuart: bring in judge andrew napolitano, what do you think of this? >> it is very troubling. in one respect he doesn't even know what he is talking about, because at the time he said that statement justice kavanaugh hadn't said anything about the abortion, abortion oral argument. justice gorsuch didn't say anything about it throughout the entire oral argument. his objection to the louisiana law which he despises. this recklessness, this personalizing of attacks on the court is extremely damaging. there are nine people in the universe who have the authority to say what the law and what the constitution means. we accept what they say, whether we agree with them or not. we do not threaten them and we do not intimidate them. if we get to threat and intimidation point we will lose respect for law in this country. stuart: that is what it was,

intimidation. >> attempted intimidation. i can't imagine it will be successful. but it is an attempt to intimidate. stuart: i'm not in the legal field. you are. have you ever seen anything like this before? >> yes, but i will tell you i have absolutely never seen but the ferocity, immediacy of the response by the chief justice. no chief justice felt the need to do this in the modern era because this was, you will pay for this? he mentions them by name. now is this actionable? is it criminal? can he be prosecuted for it? this is protected speech because he did not have the present apparent ability to carry out the threat. stuart: but we should be, see exactly what he said, how he said it and the tone he said it. >> said it like a madman, he really did. stuart: which is surprising for -- normally a level kind of guy. >> this is an excellent politician usually strident by

measured in his words. stuart: president trump tweeting in the last hour. here it is. as per recent federal government ruling the federal government will be withholding funds from sanctuary cities. they should change their status, go non-wary. don't protect criminals, et cetera, et cetera. will that make sanctuary states get in line. five rulings, four say that the president canned withhold funds from cities that refuse to cooperate with i.c.e. five says he can. that is the one he is referring. if he does withhold funds, you will see the cities states, march into line. they are desperate for cast. free federal cash. unless and until the fifth decision is appealed to the supreme court. the supreme court must weigh in on this. when there is difference amongst the circuits where something is legal in one part of the country and not legal in the other, the court has to resolve that dispute. stuart: there is a possibility

here that the sanctuary cities and states will go away? >> yes. stuart: good possibility? >> then you will really hear chuck schumer fume. [laughter] stuart: yes indeed. thank you, judge. check zoom, the stock is up now 6%. we started at it was down, wasn't it. lauren: what a turnaround. they put out their earnings last night. tons of bright spots. revenue up 78%. in the past month downloads up 90%. so many good things, yet investors were profit taking this morning. now a sudden turn around as a host of analysts raised their price targets on the stock. i've seen high as 150. since the ipo the stock has doubled. stuart: more cocooning, more businesses say stay home, work from home, more companies get more revenue seems to me. when the stock goes up as much as it has in the last month, what is it 144%?

i can't read that. way up. that is a huge gain. got it. markets come back a little. we're down 600 on the dow, 65 on the s&p, 147 on the nasdaq. now, in a moment i will bring that story to you, two young brits hung over on a singapore airlines flight. everybody thought they got the virus. oh, the consequences. more "varney" after this. ♪ at fidelity, online u.s. stocks and etfs are commission-free. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk

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stuart: we're down across the board, down 680 on the dow, 74 on the s&p. the nasdaq is down 164. now i want to get to that singapore airlines story. picture this. a couple young brits. they're in singapore. they're on vacation. they will fly back to london. they go out on the town. they drink themselves stupid. they get really drunk. they get on a singapore airlines flight next morning 6:00 a.m. they get on the flight, they ask for an aspirin. clearly not feeling well. immediately the cabin crew think, these guys, they have got the virus. there is panic on the plane. people sitting next to them are horrified and angry.

they have to make them lie down, separate them out from other people. when they land in london the medics come on the plane. they're wearing hazmat suits. they escort the two young women, who they were, british women, escort them off the plane and they take them to a quarantine center. all of that because of the panic over the virus. all they had was a bad hangover. that is cautionary tale if i heard one about the demon drink. it is true, isn't it? almost funny. i mean -- lauren: i hate to laugh at this. stuart: now the bank, hsbc holdings on your screen, what's this? one of their floors in london evacuated. deirdre: one of the employees was hit by the virus. so he tested positive. he self-isolated. he is home but the staff on the affected floor, basically all the staff told to work from home. the floor is being deep cleaned. 10,000 people who work in this

area of hsbc, goldman sachs, jpmorgan, hsbc curbing international business travel. basically saying if you don't have to get on a plane to see your clients please don't. stuart: everybody is doing that. enormous amount of clamping down. don't travel if you don't have to, don't go overseas period. i think that is what they're saying. i want to emphasize the human side of the virus story. we have a special guest in the studio to cover this for us. he lived in wuhan, china, got out and her and her family, well now, they can't go back and they're living out after suitcase, is that correct? >> that's correct. stuart: where are you living? >> currently i'm in the states. my husband and my son are in europe. stuart: you are living out after suitcase. >> absolutely? stuart: what's it like? >> it has been frustrating it, has been scary, especially with a 3-year-old, you know, trying to explain to him that our hotel room is a new home in a sense. stuart: wuhan where you lived?

>> wuhan where we lived. we lived there for a year. stuart: and you left mid-january? >> we left mid-january, just before the chinese new year. stuart: was that just before the city was locked down? >> just before the city was locked down. stuart: what was it like before the lockdown? >> the lochdown, we were told it was a pneumonia outbreak. that was odd for us. i didn't know pneumonia would spread like this. local malls, they would have tables full of hand sanitizers, big sizes. you would have to you know, use hand sanitizers. there were more face masks than normal. we became alarmed seeing how the people looked and how the streets were. stuart: were the streets deserted? >> not at that point, no, not at that point. before we left there were still people out. there had only been a couple of deaths reported to our knowledge and so it was just something we were really confused about. we weren't quite sure exactly what was happening, what was

going on. it was still very new. stuart: did you ever go or to the i think called the wild meat market where supposedly all started from? did you know it? >> i never heard of it. i have never seen it. we don't, we're not very adventerous when it comes to our palates in that way. i never heard it previous to this particular situation. stuart: you got out, just a few days before wuhan was locked down. >> yes. stuart: what were the authorities telling you in those few days before you left? >> in those few days, simply this is ammonia scare. it wasn't really concrete information t was very confusing. we had a lot of group chats with americans that live in wuhan. a lot of people we were going back and forth trying to figure out between our consulate that's in wuhan, what was going on, what was going to happen, what was going to be the next plan putting in place because a lot of people -- stuart: you knew something was

going on? >> yes. stuart: no doubt about it? >> absolutely. stuart: you got out, weren't on vacation or you got out because you knew something was coming? >> we had planned vacation months in advance. chinese new year is the most popular holiday. we didn't want to wait until the last minute. flights were up. hotels were up. just so happened this happened right in the midst of chinese new year and when we got out it was a matter of we couldn't get back. stuart: are you glad you got out? >> i'm absolutely ecstatic we got out. stuart: i'm sure you are. had you not gotten out, maybe the government here, america's government would have flown you out but it would have been a dreadful experience. >> absolutely. one of my husbands quarterback, my husband coaches american football, he was in quarantine two weeks, chartered on the plane coming back here. i can't imagine what that is like going through the quarantine process. going through all of the screenings, especially having a toddler. stuart: do you have any idea when you will go back? >> we have no idea.

as of pretty much, told my land lady, keep our things. stuart: will you go back? >> we may go back. we definitely do like china as far as traveling. we've been going since 2016. it has our home for two years. the last two years, so it is very bittersweet that it's so untouchable for us now. stuart: forgive me for asking this question, but what are you doing for money? >> i'm a freelance writer. my husband thankfully has just taken another contract. so he is in europe now. but we literally were surviving off of our savings. stuart: we wish you well. >> thank you. stuart: that is quite a story. we're very happy you shared it with us. we wish you the very best in the future. >> i appreciate it. stuart: thanks very much, we'll see you later. president trump tweeting on senator schumer. here it is. schumer has brought great danger to the steps of the united states supreme court. we had -- sorry, schumer is speaking now. he is actually on the floor of the senate speaking now.

he said, he shouldn't have used the words he used but will still defend the rights of women. in no way was i making a threat. he is speaking right now. that is what he had to say. it was not an apology. it is an explanation for the word that he has used. he has caused quite a ruckus with his attack on two supreme court justices. there you have it. get back to your money, virus, what's happening with various stocks. airlines, this is nothing to do with the virus this is airline story which i find absolutely incredible. some airlines are considering charging you more for the middle seat. come on. lauren: the new middle seat. stuart: what's that. lauren: some airlines adding one whole inch to the width of it. stuart: still fighting for the arm rest. lauren: fighting for the arm rest. they tested this. comfort levels go up when folks have a little bit of extra width.

where does the width come from? if you're adding one inch on left side and right side, taking two inches out of the aisle. that is nightmare. i barely fit through aisles after plane, going on and going to the bathroom. can you explain being up charged for the middle seat. stuart: they're in bad shape i imagine they're looking for money wherever they get it. charging extra for the middle seat is a new one. it will take off, of course. forgive the pun. tesla, where is that right now? tesla is down 16 bucks. just a few moments ago, that thing was up significantly. deirdre: 10%. stuart: it was a bright spot. now it's not. gm is launching a whole new series of electric cars to go after tesla? deirdre: it certainly is. 13 electric vehicles in the next five years coming from gm. the ceo says they will go from zero to 60 miles per hour in as little as three seconds. which performancewise does put

it on bar with tesla's cars. i want to mention a quick note about tesla's big move. we saw past couple days, positivity. selling better, that model 3 in europe than a lot of people had expected. so you had some people buying. obviously tesla has the huge factory in shanghai. there are not surprisingly some analysts saying they will have trouble executing in china, given all that is going on. stuart: tesla turned around. it really turned around. that is down 17 bucks. the whole market turned around, headed further south. just literally a couple minutes ago we were down, what, 580. now we're down 727. we'll deal with that shortly. there is an effort on capitol hill to get the 2022 winter olympics moved out of china. senator mike braun is part of that effort. why does he want it moved out of china? we'll certainly find out. he is next. ♪.

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stuart: heard it hear first, "the new york times" is reporting that senator elizabeth warren is suspending her campaign. we have no other details. she was unable to build broad support, placed third in her home state, fourth in the native state of oklahoma but she is out. here is my question. lauren: yes. stuart: who does she throw her support to? it is either bernie or it is biden. lauren: my sense is biden. what deal did they cut if anywhere she could have position in potential biden administration. the argument for bernie she could unify the left if she did that. she didn't support bernie in 2016. she went for hillary clinton. stuart: the argument will be if she throws her support behind bernie, bernie has pa shot getting the nomination. amalgamate the two leftists,

maybe they can win. the argument going with biden, you get a cabinet position if he wins. lauren: treasury secretary. stuart: treasury secretary. lauren: we're speculating. or vice president. deirdre: that would seem unlikely post. stuart: bring in the authority. i hope he doesn't mind me calling authority on senator elizabeth warren, nonetheless i'm going to make him one, senator mike braun, republican from indiana. >> hi, stu. stuart: senator, warren is out. what's your speculation who she supports? >> heard rumors of that yesterday and was discussing it with my chief of staff early today. i think she's in the first time in kind of a win-win position because obviously her campaign could not go on. if she throws in with bernie, that makes her a good choice possibly as a vp candidate to shore up the left. if she casts bernie aside and most of her philosophy, that

might work with some of the establishment. so i think obviously her campaign was over. i didn't think this election could get more interesting but it just got to a new level. stuart: let me add one point here. i think bernie is bust. i think socialism is bust in america. that is my position. i know you agree with me. >> i will second the motion there but what it's going to do, i think there will be some equalibrium going into their convention and, it's a lose-lose there because, if bernie getting jilted in any fashion, his supporters i think are going to stay home. and it is a tricky navigation for democrats. their platform stinks to boot. i think trump's benefiting every day from this. stuart: politics is such a lot of fun these days, isn't it? senator, you're part of an effort to get the 2022 winter olympics out of china where it

is supposed to be. why do you want them out? >> i think that makes sense from every angle. when you look how they behave as a, in the world trade arena. the fact that it's run by the politburo. you have all the human rights issues constantly surface. why should we be rewarding them with something that high of a profile? immediately when i saw that, i said we're getting on it. so i'm support it 100%. stuart: you turned this into a real new cold war, wouldn't you? just like the way we objected to the soviet union. we did not appear in the 1980 moscow olympics because of the cold war. you will make it not as bad but somewhat similar? >> i think, stu, if it hadn't been for the fact that the chinese have fully displayed the hand they're working with, that is all the things impacting trade.

we talked about it many times from the intellectual property theft, their huge production of monopolizing industries and that is why tariffs were brought in. i didn't like them but it was a good tool and it worked. when you see the coronavirus issue, it says the chinese government has a lot to grapple with but look how they're constituted. they're state capitalists now. i think they know to really become part of the world community you can't behave like they have, including maybe liberalizing their political system. so it could be a wake-up call for them as well. stuart: mr. senator, as you know, senator schumer launched quite an attack on two supreme court justices yesterday. this morning he has gone on the floor of united states senate to perhaps wouldn't use those words again. he was trying to explain the statement but din apologize. what is your take, sir? >> i think what he actually believes came out of his mouth.

i contended with him for six months in 2018 when he ran a campaign of lies and distortions. i was one of the few that was going toe-to-toe with him during impeachment. they have got a weak case. they never rely on the merits of their case, and then they try to sensationalize things like he did out in front of the supreme court building yesterday. i had to walk right by it. i live near there. sooner or later you will be called out for that kind of behavior as well. i in fact was thinking about doing that same censure, then found out josh hawley did it this morning. i think one of the first to join with him. you know, chuck schumer runs a vicious campaign platform. the substance of what they are trying to give us, more of this federal government that already doesn't work or pay for itself. so sooner or later that will catch up with you. stuart: got you. senator braun, thanks for joining us.

you're having too much fun. see you later. check the markets please. we're down 650. we've been bopping around, minus 500. minus 700. minus 661 on the dow. 10-year treasury yield, please. we're at 0.92%. ouch. that is extraordinary. money flowing into the safety, flowing out of stocks which are perceived to be risky. we're down 660 on the dow. elizabeth warren, yes she suspended her campaign. mike bloomberg dropped out yesterday. he spent hundreds of millions of dollars but lasted 100 days. that's it. i have bloomberg's pollster doug schoen in the 11:00 hour. why did bloomberg do so badly and what is he going to do with all his money now? he will buy joe biden. first treasury secretary steve mnuchin slamming the high-taxed states. we'll tell you what he said. we'll deal with it next.

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stuart: treasury secretary steve mnuchin, whoa, he had choice

words for those high-taxed salt states. roll tape. >> mr. secretary, are you aware many people are leaving new york state and other states because of the high taxes they pay in those states that are no longer deductible at the federal level? >> i am, and i think that's quite unfortunate. i think some of those high-taxed states including new york and california should think about lowering their taxes. stuart: yes, but they won't. grover norquist is with us, americans for tax reform founder and president. grover, i was all in favor of the president's tax reform and tax cuts but they killed me because i live in new jersey but would you repeal salt if you could? >> no of course not. mnuchin has done exactly the right thing. these left-wing governors from democratic states, mayors who have high property taxes on you, governors who put high income tax on you want to blame somebody else for their failure to govern reasonably and to

tax-and-spend reasonably. mnuchin through it right back in their face. the reason why new yorkers have high taxes is you, governor cuomo, and you, new york mayor. you should behave. the people in those states have a job and responsibility to get new governance. look, six million new yorkers benefited from the doubling of the personal exemption. you have 280,000 who got rid of that tax, the obamacare tax 75% hit people who are less than $50,000 a year. all income groups in new york did better. i mean, average family in four, two kids, four people in the family, average income, 2,000-dollar tax cut. single mom, one kid, 1300-dollar, tax cut. this tax cut was good for everybody, all income groups. it will be even better when new york reduces income taxes and new york city decides to get serious about property taxes and somebody should ask bloomberg why he made things worse rather

than better when he was the mayor. stuart: i'm with all the way but it ain't going to happen. grover, sorry out of time. got to get back to the market here. grover norquist, thanks very much for being here. >> you got it. stuart: you know we broke down the latest on mortgage rates for you t has been a bright spot with the volatile markets. in a few minutes we talk to jerry howard, national association of homebuilders. we have a new low for the 30 year fixed. that's good. the left just lost at it happened at surprising speed, right after bernie's big loss on super tuesday. a bernie bust. i'm talking about that next. ♪. ♪ ♪ ♪

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stuart: yes, it's happening as we report it, senator elizabeth warren dropping out of the 2020 race. now we have a camera outside her home in cambridge, massachusetts, she may came out and speak. if she does, we will take you right there. to the markets, we are down across the board. 90 minutes into the day. we have given more than half of yesterday's huge gain. here is where we are down, down at 24,600. four times we have seen a thousand point swings, that's a lot.

that i guess is volatility. that drives me crazy. as for 10-year, record low. 0.929%. that's the treasury yield. interest rate there way, way down. in the last hour we adopt the read on mortgage rates and they are at historic lows. tumbling mortgage rates, what will that do to the housing market? we will tell you shortly. right now come on in charles payne, host of making money and the author of the great, great best-sell e unstoppable prosperity. i love the title. that was smart of you. that's marketing and a half. charles: thank you. stuart: they are driving me crazy. charles: we went through a stretch where we didn't move 1%. we got comfortable with it.

stuart: sorry to interrupt you, charles. i hate to get in front of you, yesterday we went up 1100 points. why because joe biden had done well. today we are down 600 points. oh, why, because of the virus. this makes no sense to me. charles: that part doesn't make sense to me. virus was around to me. i think yesterday was antisanders rally. socialism off the table. absolutely phenomenal. key industries that we needed to see manufacturing. jobless claims today. everything that you want to see in an economy against dark unknown. we are in a black hole. in wall street they call it

price dislovery and hard to do it because we don't have all the data. we are trying to fill ourselves around. what i'm watching for right now is the low on monday, will that hold? biggest test would be friday's low. those are my two points on the downside if is virus materialize. maybe there's some brilliant deep-pocketed smart folks throughout. the same folks that bought the markets on the dips in 10, 11 years, that could be signal of sorts. >> the bottom will be reached and we will know it when we can see firmly the other side of the virus. washed through our society and know the damage. we really start to move up. >> won't be wash through until maybe 2 years. i'm just saying everyone has had vaccine, treatment, something, when you say completely washed through i think we can get signs where china is getting signs and

their economy has gone back a lot and even south korea where they took draconian measures and reporting fewer cases. feels like the real scary part outside of the country seems italy and the rest of the europe in part of because of open borders. we are taking our news -- the last new i had to report breaking news on more deaths. each time the dow went higher after that report. each time. you know, 700 points and off 400 points. the headline stuff isn't necessarily impacting as much. stuart: charles, you're a smart right. mortgage rates, man, are they falling. the fed cut, the virus impact on the economy and the markets, interest rates are just tumbling especially the 30-year fixed rate mortgage down 3.29%. 20% down. 30-year fiction.

jerry howard, national association of home builders ceo is with us now. i would have thought that this was a tremendous shot in the arm especially for the refi market, what say you? >> both refi and new purchases. i think the fed was really smart the other day to do emergency rate cut and it really is going help the housing markets when we come out of it. >> i've got the 15-year fiction. 2.79% and you can get a 5-year adjustable so the rate is set for the first 5 years, 3.18%. i can't remember seeing it this low, jerry. >> i don't think it ever has been. not in my lifetime. it's unbelievable opportunity for some of these people who have been sitting on the fence particularly newly formed families in post recessionary time, now time to come in and happening at a very good time because as we go into spring and summer it's the building and it's the buying season. >> that's right, jerry, charles,

i see this as a really serious bright spot for the economy, right? >> it is enormously bright spot and i've been talking about it since last august since i saw the permits and housing numbers and i think household formation is phenomenal. the younger age group is starting to do it. stuart, under 25. home ownership has gone to 24% to 22% a year ago. under 35 is 37.6%. that's the lowers of many years. millennials are starting to buy homes and i have to tell you something, if start to rethink even with the coronavirus living on top of each other in apartment buildings and, you know, if you have a chance maybe i should get a house or, you know, just -- it's all about attitudes. it's all about attitudes. i think we has household formation beginning and picking up momentum. stuart: you have to get back to the belief that the first house is biggest investment you'll ever make. you to convince millennials of that and they are being convinced of that actually.

charles: i think so. the freedom, you know, turn your music up. it's just -- there's a lot of freedom in living in your own as oppose having your neighbor knock on your door because they don't like what you're cooking. stuart: hold on a second, charles. red counties outperformed counties when it homes to home construction. i don't -- you can see it. that's very interesting. you want to explain that, jerry? >> regulations, lack of regulations, red counties seem to have policies in place that want to give people the opportunity to move into a home and start the american dream, home ownership off and blue counties, two-thirds of construction for single-family homes in red counties, two-thirds of the construction for multifamily homes apartments in blue counties. it's hard not to draw the conclusions.

>> why wouldn't blue counties change the rules? >> i don't understand. for the life of me it's like prior segment why don't new york and california reduce their tax rates, it's misguided policies, misguided leadership. charles: there's a war on single -family home ownership. there's a war on it. the part of the progressive dream is that we all live in the big urban centers on top of each other powered by a waterfall or solar panel and you have certain cities that have said it is racist. you have cities in this country now implementing things that will force multifamily homes in suburban areas. so they are forcing counties to build these things. there's a big movement here. it's been going on for a while but they are really now taking it to another level. >> do you see that, jerry, people push intoed cities and high-rise buildings because of climate change or something?

>> i think you can say that policies many the blue states where they are obviously multifamily construction would try and push people that way but they are pushing them, charles. people are not going willingly. we pull the marketplace constantly and when we talk to potential home buyers, what they want ultimately is a single family house with backyard in school district and that's still the american dream and so i think you can only push people so far before they say, wait a second, this is my life you're messing with. stuart: well said, young man, well said. here is another bright spot. exactly what we want to hear, mortgage lenders hiring a lot more people. lauren: because rates are so low and they expect a lot of people especially millennials, money to invest and buy a home to jump in with these teaser rates. the issue coronavirus could affect this but generally speaking this is a very good sign for the housing market with

there being great demand. stuart: the indicater that i'm looking at is market, prime to explode, right? >> people who are refinancing are increasing equity. great time to do it and you will see the market explode as you said hence the hiring. stuart: this is my opinion, i will start with you and go to charles. in my opinion florida real estate is a better investment than the stock market. to you first, jerry, what do you think? >> i always think real estate is the safest investment and they are simply not making that much more land. stuart: i'm playing my own book. what do you say, charles? charles: i anticipated this question. [laughter] stuart: well am i right or am i right? >> i don't think you are right.

charles: from february 2012 s&p is up 127% but the s&p bottomed first, right, and it's up 347% from its low from the great recession. it's liquid, it made a much bigger bounce and you can play the real estate market by buying stocks, remember i told you my august 12th report? it's up 39%. stuart: you are so wrong. stuart: i do want people to townhomes and i do believe in single-family house and i do believe in white picked fence because there's so much more to economies. stuart: that is true. charles: it's vital. ownership is vital and i think that kind of community is vital too and i don't want that to disappear in the country. stuart: naples florida, naples, naples, naples. >> home ownership also brings you people who are more engaged in their communities, people who

produce better-educated children. people who vote more, home ownership is not only a monetary investment, it's a social investment in america. stuart: precisely right, naples, naples. thank you very much, indeed. charles, don't say another word, when can i see you on tv? charles: 2:00 p.m. let me write that down. [laughter] stuart: gentlemen, thank you very much, indeed. you like a bright spot on a day like this. look at. this headquarter healthcare stocks, they rallied after bernie sanders lackluster performance on super tuesday. down a little bit right now. airlines, they are feeling the heat from the virus. lots of trips canceled much less demand and you fly these days you will see a lot of planes not exactly empty but half empty. dierdre, positive news -- positive news on the virus. >> off the presses, who, world health organization saying sees

encouraging signs from south korea, number of newly reported cases appears to be declining and charles mentioned a few moments ago, they were aggressive. they have drive-thru stations, you see the images, they take your temperature right on your forehead. they went hard, they got out in front of it and now it seems, we will hope for them and the rest of the world that there's a handle on it when you choose to be aggressive. charles: i read a headline thatn efforts. the countries that had it first and they are curving their rate of growth but they did something, they went hard, they went very, very hard. stuart: charles, again, thanks, indeed, thank you, dierdre. live shot now of the home of elizabeth warren. it's in cambridge, massachusetts, we are told she may come out and speak. as you may know but if you're just joining us, we will tell you again, she has dropped out of the race. that's her house. we hope she comes out. a tweet from president trump,

here it is. elizabeth warren who was going nowhere except into mimi mike's head dropped out of democratic primary, 3 days too late. he cost crazy bernie massachusetts, minnesota and texas, probably cost him the nomination. came in third in mass. okay. >> her home state. stuart: senator chuck schumer facing major backlash after singling out two appointed supreme court justices, watch this again, employees. >> i want to you gorsuch and i want to tell you kavanaugh, you have released the world wind and you will play the price. stuart: he tried to explain himself in the senate floor this morning, the opposition mounting on capitol hill. the left's bubble has burst and in complete shambles, bloomberg is out backing joe biden. elizabeth warren is out of the

case too. all part of my take which comes up next.

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with this key to the city. [ applause ] it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ stuart: with astonishing speed the left's bubble burst. monday, oh, the socialists were riding high. tuesday they crashed. wednesday, like a funeral. it's a bernie sanders failure. he had promised to lead a broad-base coalition, didn't happen. black voters voted and went for biden, suburban women went for biden and the youth vote didn't show up. what was supposed to be a socialist crusade fell very flat. but it wasn't just bernie, alexandria ocasio-cortez, aoc,

backed 3 young progressive women to challenge moderate incumbents, that failed too. none of them won. and then there's elizabeth warren, she insisted she was not a socialist but her countless plans added up to just ant -- about the same thing and she came in third in her home state in massachusetts and fourth in native state of oklahoma and now she's out. the left claims they were ambushed by the establishment. they were hit by bloomberg's money but what they have to face is absurdity of socialism itself. massive tax hikes, kill all fossil fuels, all government all of the time, you know the drill, it's absurd, they won't face it because it's their religion, jealousy of success is their passion. we are looking t a bernie bust. monumentam event on super tuesday's was not biden surge, the end of the far leftless challenge to capitalism as we know it. the left lost.

bernie, opinion, is done. my next guest wrote this. welcome to the democratic party civil war, christian white wrote it and joins us now. civil war, that's a strong term, back it up, christian. >> well, what you see in the democrats as you point out they've been fundamentally set back, the bernie wing, equivalent of the corbyn wing in uk, very socialist, very woke, suffered a big setback on super tuesday. they are down but not out and when you think about it, what happens if biden wins and once again the left-wing insurgency that's been around for some time, you go back to howard dean in i have speech and once again betrayed especially if joe biden goes onto lose against donald trump. you'll have angst in the democratic party. it's a dysfunctional party. reminiscent of uk labor.

>> let me jump in for a second, warren is out. if she were to throw her support to bernie, i don't know what she's going to do. if she went to bernie, could that resurrect him a little? >> yeah, i think you're coming down to basically a binary choice on the democrats' side between bernie and biden. both of these people are fundamentally flawed. it's not like they are perfect representatives of ideology. bernie is 78. 79 before the next election. had a hart attack within -- heart attack within the last year and joe biden not a spring chicken and gaffe machine. biden does something like that about every other day. so you have personal on top of ideology. binary choice coming up. stuart: i think i know where you're coming from.

the media is praising democrats for rallying around joe biden, watch this. >> well, the democrats were able to do right before super tuesday which coalesced around a single candidate in order to -- to try and stop bernie sanders. >> you're seeing what you might call biden coalition. >> mike has said over and over again he message, so with joe biden moving forward mike bloomberg will get behind him. >> they hoped that all of that was going to move the needle and it certainly did. >> you zoom out. unprecedented comeback. stuart: they are all in on biden because they have no choice. >> yeah, well, we see how in many ways are part and parcel with the democrat establishment. this infuriates supporters, bernie supporters on the more progressive side of the left.

they view msnbc and cnn left-wing networks as fundamental in bed with the democrat establishment that even though they have far-left progressive voices at the end of the day they consolidate around who they think is most likely to beat donald trump. stuart: precisely right, christian, thanks for joining us again, thank you, sir. a couple of stocks we need to check here, first of all zoom video communications. it's now up 9%. tell me more. lauren: on a tear. stuart: they were down? lauren: the stock has been up a lot particularly through the coronavirus but they reported really stiller impressive numbers and they added more users this year than they did in all of 2019, so as companies tell their workers, look, you're not essential to coming into the office, stay home. let's all be safe and virus free, a stock like zoom surges. >> that's exactly what microsoft had just done in bay area and seattle. stay home, please. things like zoom could be very

useful in those situations. lauren: that's how you could work if you stay home, exactly. stuart: got it. how about apple? they are out with a warning, the stock down is 4 bucks, 2.98. >> ceo tim cook saying it's a supply change issue. he says apple is fundamentally strong. of course, we want to mention as well apple has tons of suppliers in china but also as tim cook referenced in korea, in italy, so numerous parts of their chain are being affected, however, the company is addressing it. stuart: shy of 300 bucks a share on apple. got it. many of us have heard of the keto diet, have you heard over the keto comfort diet? celebrity chef joins me to explain it all. i have no idea. super tuesday, rejection of socialism. that's what i think. my next guest says it's --

socialism completely bombed. that's next.

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stuart: here is the news, we are down 500 on the dow, 109 on the nasdaq, 52 on the s&p. it's down across the board. joe biden seems to have an edge on bernie sanders. i think that's understatement after sanders' underwhelming performance on super tuesday. may next guest says, socialism just bombed. his name is dan henninger, wall street journal guy. you agree with me? >> i do. stuart: it's over? >> i don't know whether it's quite over. it's not over until it's over. we have a lot of primaries ahead of us but i think the socialist idea that progressive idea really hit a big speed bump here on super tuesday which is interesting because when i think back to the first democratic debate, way back in june, people like -- castro, kirsten gillibrand, kamala harris, bernie was talking about

medicare for all, okay hackio's new deal -- ocasio's new deal and joe biden to defend barack obama's care. stuart: far left actually dominate it is culture. >> they do. stuart: you agree with that? >> i do. look, joe biden's performance in virginia and massachusetts where he carried the black vote and suburban vote should have been a wake-up call six months ago to

people like kamala harris and cory booker but fascinating how deeply they are influenced by social media. stuart: we should not forget that aoc tried to do a squad 2.0. she failed 3 young women progressives, two in texas and one in california. they didn't win. you want to call them the progressives, that's what they call themselves. they bombed as well. >> yeah, that was the implication of congressman's jim clyburnes endorsement at the 11th hour. moderate democrats who flipped republican seats in 2018 and for the last 6 months like through the whole impeachment thing those moderate house democrats have been saying we are really nervous about going this far left and now i think the democratic electorate has said we are very nervous about adopting socialism as our flag. >> now, elizabeth warren has dropped out.

>> yeah. stuart: we just heard that literally a couple of hours ago. we don't know who she will throw her support to but let's supposed if she threw it to bernie sanders, is that enough to get him the nomination from the democrats or advance his cause a little bit so he's not a bust? >> i don't think so. i think a lot of her support is split between biden and sanders and i have to say, stuart, elizabeth warren is a democratic senator. she's a member in good standing of the democratic party which is circling the wagons here. i would be shocked if elizabeth warren endorses bernie sanders. she's got a future in the democratic party. she's got a lot of legislation she wants to put through in the democratic senate and i just do not see her endorsing bernie sanders. stuart: you think she might be the treasury secretary. >> biden's running mate? stuart: which is the better deal go with bernie or go with the vp

job? [laughter] stuart: thanks very much, indeed, dan henninger. that was good. you saved the best for last. you did, you did. all right. bloomberg is out, so let's bring in doug sean who may or may not be still on bloomberg's payroll. [laughter] stuart: you don't know this one, do you? >> he engaged me through the election. i was with him yesterday when he made his decision to drop out and i can only tell you anything mike bloomberg would want me to do is my pleasure. >> as i understand it he's keeping a lot of his staff, the bloomberg staff -- the election staff, he's keeping a lot of them and he's suggesting that he might throw his money behind joe biden as well. that would mean that bloomberg finances the biden campaign and staffs it. >> yeah, i think what is more likely he will focus on the general election and running against donald trump. he had initially said he was going to mount an effort against trump. that turned into his candidacy

which was largely focused on drinks and distinctions from the trump policies and i think what is certain is mike bloomberg is not going away and he will focus with his remaining staff not his whole staff but remaining staff on turning out the vote in key states against donald trump. stuart: does he feel like he's wasted his money? if i sound strong here i do apologize. >> no, it's okay. stuart: make a fool of himself. >> i don't think he made a fool of himself. stuart: does he feel that way? >> no he doesn't. stuart: any regrets from him? >> i sense no regrets. he we wanted to make a case against trump. for a brief moment he thought he might be alternative to trump. when that appeared not to be the case, he very quickly assessed the situation, endorsed biden and my sense of him is that he feels he made a contribution to the body politics and will continue to. stuart: you do sense the irony,

you recognize the irony, i'm sure that the democrats who have forever railed against big money in politics are now the big-money party? >> well, i would say this, i've always been a capitalist. i think the democratic party has been a party of a mixed expressway, social safety net and very wealthy people who would want to support causes that i believe are important, to me it's a god thing and as a democrat, i don't think you have to issue wealth and success. stuart: you know, you're a natural-born politician, why don't you run for office? you could navigate the diplomacy of language very quickly. >> prefer debating with you and people like dan. stuart: there's no money in politics, that's why you won't get into it. >> i've done okay in my life. stuart: i know that you have. all right, doug, where to from here? what are you going to do now? >> i am hopefully going to continue to make a contribution to fnc and fbn which i had a

happy association with. i greatly enjoy it and will continue to do that and as i said, i will help mike bloomberg in efforts to defeat donald trump any way i can. stuart: is he watching now? >> is he watching now? stuart: does he watch varney & company? >> he should be. >> stuart: that's not the question. >> he has. stuart: what does he think of me, foreigners fresh off the boat? >> he has a number of englishmen working on the campaign and in his company and the editor of bloomberg opinion john, a former editor of the economist, i think he has got -- house in london, big instillation in london. stuart: i read it for 40 years and canceled my subscription when they said we should vote for obama over romney.

i canceled my subscription at that point. we are just having fun, doug. come back soon. >> i'm always happy to. stuart: we like to entertain, you know how it is? >> i do, indeed. [laughter] stuart: let's change the subject, shall we, there's an island off the coast of connecticut and it could be yours, it's for sale, we will take you -- on a tour of the potato island and show you how much you have to shell out if you want to own it. senator schumer under fire for what appears to be threatening comments to president's supreme court justices. the fallout, debate next. >> i want to tell you gorsuch, i want to tell you kavanaugh, you have released the world wind and you will pay the price.

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stuart: down across the board. that's the name of the game today. down 600 on the dow, 66 on the s&p. like this all of the time. up 1100 yesterday, down 600 today. can't keep track of it. senate minority schumer under fire for comments of president trump's supreme court picks at proabortion rally. watch this. >> i want to tell you gorsuch, i want to tell you, kavanaugh, you have released the world wind and you will pay the price. [cheers and applause] >> if you go forward with awful decisions. >> extremely rare response chief justice john roberts said

justices know that criticism comes with a territory but threatening statements of this sort from the highest levels of government are not only inappropriate, they are dangerous. all members of the court will continue to do their job without fear or favor from whatever quarter. senator john borrasso, mr. senator, senator schumer on the floor of the senate this morning explaining himself, what do you make of his explanation and what he said yesterday? >> well, there's no excuse in my opinion for what chuck schumer said yesterday in front of the supreme court which was a direct threat at members of the supreme court by name and i believe that is why the chief justice in a very rare display called senator schumer out as a result of that. it's a reflection of how serious this threat was. to me it sounded like a physical threat because he named the justices gorsuch and kavanaugh and then he said you will pay a price. you will not know what hit you.

you know, that's what happened to the republican ball team on the field and became the victim of the mass shooting. this cannot stand and i think that senator schumer owes an apology to both of those justices. stuart if someone were outside of your home saying those things about you, you will pay a price, you will not know what hit you, to you you would view this as a direct threat to your personal well-being. stuart: i would. well, this morning he did not apologize and my question to you now is, sir, will you join the effort to censor him in the senate? >> well, i think he owes a direct apology to those justices that he in my opinion directly threatened. i know josh howley is circulating a petition to do just that. i'm happy to join that effort, but to me that's not the issue. the issue is chuck schumer owes an apology to two members to have supreme court. i believe he physically

threatened him or incited violence upon them. this is the way the democrats seem to handle things. they do not respond to just working together to find solutions. they are completely intolerant. you have seen the democrats running for president who are saying we are going to expand the court to pack the court, you know, hasn't happened since fdr tried it and failed 3 quarters of a century ago. stuart: senator, there's some speculation that mr. schumer, senator schumer was outspoken yesterday because he's worried about a threat to his senate seat and a challenge from aoc. that's why he was so harsh yesterday. have you heard that? do you know anything about it? >> well, i've heard some things in the press. i haven't heard anything on the floor of the senate about it but i will tell you, chuck schumer as the leader of this democrat party is leading a group that has gone far to the left. they've gone far to the left not just on abortion which is what

the topic was, but wanting to raise taxes, on eliminating fossil fuels, on taking healthcare away from 180 million americans, on issue after issue, open borders, violations of our second amendment rights, that is what he has been doing as a democrat leader for the senate and any challenge to him would be something that he probably richly deserves. stuart: senator john borrasso, republican, wyoming, always appreciate you being here, thanks again. >> thanks, stuart. stuart: yes, sir, totally different subject. interesting move by general motors, they've rolled out 13 electric vehicles and battery technology. >> they want to be the car company of the future and that involves electric vehicles so zero to 60 miles per hour that's what they are promising in as little as 3 seconds which performance wise does put it on par with tesla's performance. stuart: gm stock holding up just

above $30 a share, how about that? let's bring you the story about the island off the coast of connecticut, i believe it's called potato island. it's for sale. tell me all about it. lauren: perfect for you, stuart, because there's no neighbors, two-minute boat ride to arrive. $4.9 million you can get the 4,000 square foot home on the lovely potato island in connecticut. stuart: does the island come with a home, a whole-package deal? lauren: i believe it is. stuart: the island and the house? lauren: yes. stuart: privacy. lauren: no one else on that island but your home, your future home, stuart. stuart: paradise. lauren: short drive, boat ride. you can go by boat. stuart: the ideal quarantine island. don't mean to be funny. what's this about them getting into the reality tv game? lauren: reality show love is

blind, couples propose site on seen and number 1 in netflix but if you're a cable company, you're a cable company and netflix is tack everywhere, drama, comedy but not yet really in reality tv until this, this gets people more reason to cut the cord. stuart: do you have any idea of the power of the producers of reality shows, they tell them what to do. lauren: i know. stuart: it happens here too. yeah, the producers too, they tell me what to say. the producer says it into my ear and comes out of my mouth. lauren: you're a robot. stuart: how about the keto comfort diet. chef is all about it and he joins me next.

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we use ultrasound technology to literally look inside your arteries for plaque that builds up as you age- and increases your risk for stroke and heart disease. so if you're over 40, call to schedule an appointment for five painless screenings that go beyond annual checkups. and if you call us today, you'll only pay $149-an over 50% savings. read it again, papa? sure. i've got plenty of time. life line screening. the power of prevention. call now to learn more. stuart: let's bring in chef dispirito, roco welcome back. what is the keto diet. >> a low-carb diet.

sustainable. stuart: no bread, tons of meat. >> plant-based food as well, bacon was original but we have come a long way from this. chocolate chip pancake, part of keto diet. here is your copy. self-quarantined for 15 hours. [laughter] >> it's fine. stuart: give me the keto diet? >> keto diet is a way to go, easy to do in restaurants. you can order piece of fish or chicken, steak, butter sauce and you'll be able to lose weight. trick is keep carbs between 20 or 30 grams per day. if you do that then your body will sense abundance of fat. stuart: is this guarantied?

>> keto diets are not associated with comfort food. meat and bacon. i wanted to take recipes that people have loved for me in the past and turn them into keto versions of themselves, 60 to 70% fat. 20, 30%. stuart: doesn't sound like it's healthy? >> it's counterintuitive and i did a signing in long island. it was working for them. stuart: half of your audience. you have 200 people to a book signing? >> can you imagine? stuart: rocco, appreciate it. more varney after this.

♪ ♪ . .

stuart: yesterday, ladies and gentlemen, i had an echocardiogram test and i did a stress test on the treadmill. the doctor pronounced me perfectly normal. therefore i'm about to eat some of reock co's. >> chocolate chip cookie. from the keto comfort diet.

stuart: is that high fat? >> high fat, low-carbs. it will lower triglycerides. it doesn't make sense at all. it is completely counter intuitive. pass it around. stuart: i'm not supposed to eat -- i have got three seconds, two, one. hey, neil. it's yours. i'm leaving the cake on the set. neil: we're doing the under and over here. so good luck. thank you, stuart, very, very much. markets continuing sell off. dow, s&p, nasdaq, erasing a good chunk of gains yesterday. in case of dow about half the gains. 10-year treasury looking to record lows. mortgage rates following along. we're hearing from the vice president meeting with the 3m ceo all over the coronavirus supply issues. a lot of fast-moving developments. let's go to blake burman at the white house with more. blake? reporter: vice president mike

pence who is leading government response to the coronavirus should be landing at minute in place,ne